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Correct, as long as pattern is still valid I will stubbornly continue to trade same level and get stopped out for -10. A minimum of x10 the risk per 1 trade ie 100points, but I will try & get closer to 300 points YM, I think that is reasonable amount I believe I will come out b/e at the...

And I say, why wait till 50p stop, when you can get out @-10 :), there is no such thing as an adequate amount stop per specific instrument, you either use amount based on far away support & resistance zones or you reduce them down to support & resistance zones taken from the time frame you are...

At the very worst I will lose $10k, but I will say this - I trust patterns that I use, even if I get stopped out x10 in an effort to nail a daily pattern eventually I will get a range expansion lift. The only thing I will say I haven't traded YM much.

TY for comments Opt! It's not that I didn't want to listen to you last time around, I just traded my pattern, I am open to all sorts of critique/opinions, obviously I was wrong then & you happened to be spot on :) As far as 10 YM point being too small trading a long term chart I can...

Participants & comments welcome http://www.elitetrader.com/vb/showthread.php?s=&threadid=127670

Indeed it's a downward TL. TY for details.

TY! I guess your decision to go long here is based on TL from last Friday through last Wednesday? I see long signal now on 10 & 5m chart's histo & 15m is bending upwards

What made you choose 1361 as stop? TY!

AS, does you hedge fund buy individual stocks, if so, perhaps you will be interested to have a look & comment here, TY! Hope all is well, long time no speak. http://www.elitetrader.com/vb/showthread.php?s=&threadid=127675

Tom, there was an abolutely wonderful triple D on 5 running into this am drop, I was away, just reviewing charts now, awesome sample!

OK, TY for explanation. As far as I know you are a directional biased trader & I think we have established that you are on weekly chart's signals still, so at which point will you turn bearish? I see that you are not paying attention to the daily histogram here, though sometimes I recall...

You don't make a statement like the OP has, it feels silly to even post here, as nobody knows whether $135 will or won't be hit "ever again".

Buy1Sell2 this is a scaled in trade now, I guess old habits die slowly :)

According to the daily chart's histo there will be no trades todays

Exactly!

I don't know which make is your crystal ball, but weekly chart is still rather bullish

It depends on your broker for RTH, but sinse there will be overnight holding periods involved there will be a full allocation of initial overnight requirement of $3502 per 1 lot, maximum loss per trade is limited to -$50 Gross providing fills don't start slipping out of control

Overnight margin is about $3,500 as far as I know, I don't quite follow what you're trying to establish

OK, TY!

It was a general question, not related to Thursday am